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Search Results 0 to 35 of about 36 (some duplicates have been removed)
, we're going to be doing this again in the next few months talking about the debt ceiling bill. this is bill the republicans plan to vote on next week. this is three-month increase in the debt ceiling contingent on both the senate and house passing a unbillion jet. republican line has been for some time, the senate failed to pass a budget in years, and they say without passing the budget they will not increase the debt ceiling nor, this bill says, will lawmakers get a paycheck. the reaction from the senate majority leader harry reid's office, good that republicans are backing off holding the economy hostage because there are no significant spending cuts in this proposal. just a three-month increase, contingent on the senate passing a budget. in a statement, they say, if the house can pass a clean debt ceiling increase to avoid default and allow the united states to meet its existing obligations, we will be happy to consider it. so that is the plan right now for republicans. get this debt ceiling debate out of the way for the next three months. focus on government spending, thos
will start with a budget battle. house republicans say they will extend the debt ceiling for three months, but if democrats don't agree to a new budget with deep spending cuts by april, members of congress will lose their paychecks. >>> witnesses are testifying at john leopold's trial. one said she believed she would be fired in she didn't dough what he wanted. he's accused of using staff to run personal and political errands. janet owens also took the stand today. >>> let's look at the weather on this weekend before the inauguration. >> it's been bright and sunny today. of course, if you've been outside, you know it's breezy today. we've had some gusts up to 20 miles an hour, the temperatures currently at 38 degrees with the northwesterly wind at 9 miles per hour right now. take a look at the windchill readings currently. feels like 31 in d.c., 29 in gaithersburg. slightly higher values way to the north and west. what it currently feels like. by 5:00 a.m. tomorrow morning, winds will diminish overnight, a bit of wind left hanging around. as low as 15, 16 degrees down around culpepper rap
the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop getting paid. >> pelley: but, nancy, why would the republicans abandon their demand for dollar-for-dollar spending cuts in exchange for raising the limit? >> well, in part they were worried about getting the blame if there was a default. this way they shift the burden to senate democrats to come up with a budget and they can still call for more spending cuts in three months when this comes up again. in the meantime, everyone gets a bit of breathing room which is why the white house may not have shot down the plan today-- even though they, of course, prefer a long-term extension of the debt ceiling, not just three months. >> pelley: nancy, thanks. president obama is about to begin his s
month debt ceiling increase and debt ceiling increase is contingent on the house and senate passing a budget. the senate hasn't actually passed a budget in years. the bill also withholds congressional pay without congress passing a budget. the one problem with this for a number of republicans, there really are no other spending cuts in this. remember the boehner rule dubbed the boehner rule says any increase in the debt ceiling must correspond to equal amounts in spending cuts. >> not quite the same reaction from house minority leader nancy pelosi saying: >> so the republicans are taking the debt ceiling debate moving it off a few months perhaps take place in april or may so they can focus on the automatic spending cuts set to hit the budget at the end of february those are known as sequester and also government discretionary spending authority that runs out in march. plenty of budget fights and it looks like we will be having them just about every couple of months all the way through the spring. david: as long as you are in williams burg virginia what do you care? it is a lovely pl
republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by 34,000 people demanding that the government build a death star, that is, death star as in the ds1 orbital battle station, you know, the one from star wars. maybe that's why the white house is changing the rules for those online petitions and bruce leshan is here to tell us all
to the debt ceiling perhaps in a few months. he says he is not sure when the timing of that vote would be, he only says sooner rather than later. connell: republicans have become of this retrieve a message that resonates with working people and says william berg is just group therapy. chris used to be al gore's press secretary, says the spectrum represented right here. i will allow you to go first for a little bit of fun. what do you mean by that? >> after the election were told republicans were going to do some soul-searching for the record low numbers of minorities that had voted. what we're seeing now, just heari justheard a few moments ar program that half the country holds a negative view of the republican party and the tea party is having its lowest level rating in history itself. this is a party right now that is in some serious, serious trouble. unfortunately it doesn't seem as though they're taking a very serious approach to addressing the issues in the country. it is good they have had a good first step agreeing on the debt ceiling, but it seems to be only a first step. connell: the
on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple.congss congress shouldn't be paid for failing to do its job. 't >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeholder system where you need to cr
finally announced a debt ceiling plan. kick the can again. this time for three months. in an efforts to put pressure on the senate to do something instead. that's the whole, it wasn't me, i guess, strategy. of course, that means another debt ceiling debate is just three months away. joining us now, bill cohen, a columnist at bloomberg view and by phone we have nbc's luke russert in williamsburg, virginia, covering the house republicans. welcome to both of you. >> thank you, karen. >> luke, i want to start with you. republicans are calling it a plan, democratic leader nancy pelosi call it is a gimmick. it sounds more like -- i mean, my read initially was this is more like political posturing rather than a serious deal. what are you hearing down there? >> well, it certainly is something that's meant to try and force the senate to act. you know, the senate has not passed a suggest in over 1,300 days and that's a popular rallying cry of the house gop. but what came out of this retreat was the idea instilled in members that it's probably not beneficial with the republican brand so damaged
: retreating or regrouping? house republicans putting to a vote raising the debt ceiling for three months, but are they backing off of their demands for spending cuts in exchange for raising the debt limit? with more on this, grover norquist, president for americans for tax reform. great to have you here. other republicans doing the right thing? >> i think so. there are three tools the republicans have to force obama to focus on spending, which she does not want to do it and will do unless forced. first is the sequester which starts march 1st or 2nd. that is a hundred billion dollars per year. that is the real cut in spending that will happen. the other one is the continuing resolution which starts march 4/7. we have a continuing resolution. they are the republicans that can put obama on a very short leash and only give him a continuing resolution for a week for two or three. cut the spending each time. those are two very powerful mechanisms. gerri: you don't in addition of the purse strings on the debt ceiling to use that at the a lever and give the president to stop spending? >> i didn'
ceiling next month after all it. appears house republicans are considering a plan next week to extend the deadline, at least until the spring. our chief white house washington correspondent john harwood now with the story. john? >> reporter: maria, an interesting development that reflects republicans' awareness that they have the short end of the stick in terms of bargaining power with the president who has just been re-elected and with congress as our new nbc/"wall street journal" poll showed is only at a 14% approval. he's at 52%. here's what the house republicans are going to put on the floor next week and try to pass. it would be an extension of the debt limit, a rise in the debt loimt that would take us through april the 15th. it would be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider a clean debt limit extension without any conditions if
. not going to negotiate over extenting the debt ceiling. >> bret: well, this is what republicans have come up with. out of the meeting in williamsburg, virginia, they have come up with this on their plan. a three-month debt ceiling increase. debt limit increase contingent on the senate passing a budget. which they haven't done in quite some time. and no spending cuts except congressional members pay without budget. basically, congressional members can't get paid without spending cuts. let's bring in the panel. we talk about all of this. steve hayes for "weekly standard." charles lane, opinion writer for "washington post." syndicated columnist charles krauthammer who by the way wrote an editorial column said this -- "offer to extend the debt ceiling through say may 1 in exchange for the senate delivering a budget by the date, after four years of lawlessly refusing to produce one." charles, how did you come up for this idea. >> came to me in the shower. that is where i get all the ideas. i don't somehower with the house republicans. >> bret: this came out before, well before this decision. >> h
a vote that will delay the debt ceiling for three months. so what they are doing, if you really look at house republicans who took the majority two years ago, they did it standing on principle for pretty much every squirmish. it seems that they are becoming a bit more sophisticated, rather, but their understanding, it seems, is that you have to pick your battles. losing credit ratings and so forth, that's not a smart battle to wage. look at some of the most conservative members of the house talking to deirdre walsh at the end of their retreat for three days about picking their battles in a better way. >> deal with the smaller ones first, maybe build up a little momentum, credibility, not only with the credit markets but with the folks back home, that we can actually deal with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but the house republicans are coming out of th
in williamsburg, virginia. maybe they'll use a short term increase in the debt ceiling maybe three months or six months. is that the point? how does that inform you? does that get to the heart of the matter? >> it certainly doesn't get to the heart of the matter. if we remember back in 2006 then senate obama said raising the debt limit is a sign of leadership failure. since he has been in office we have raised it six times. i believe we'll do it again. but it's spending cuts, we have to have responsible reductions in spending as soon as possible. >> you know, karen, welcome back. according to the cbo today the debt level went from -- i'm going to use round numbers, a little under $15 trillion to a little over $16 trillion. that's 2012 over 2011. this will make the fourth straight trillion dollar budget deficit and the largest increase in debt. it's not being talked about right now. but it is all on president obama's watch at some point he's going to be culpable. >> well, here's the problem, larry. you know, the suggestion put forward by paul ryan really plays right into something you mentioned,
are positive for the week. >> you would think that stocks would be worried about the debt ceiling and yet we had word that gop controlled house might have a deal. might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global
as this debt ceiling debate really gets heated up. > thanks greg. > > thanks angie. gm is giving its north american factories a billion-dollar facelift. the automaker plans to overhaul about 70% of u.s. auto models. so far, the remodeling includes redesigns for its full- size pickup trucks, a new chevy corvette stingray and a cadillac luxury version of the volt plug-in electric car. the kaiser family foundation is crunching the numbers on medicare. it finds if medicare's eligibility age is raised to 67 next year, federal spending drops by $5.7 billion in 2014. but, health insurance payments by other americans rise by $11.4 billion. medicare is likely to come up in the debt ceilng debate. president obama has said he is willing to make minor adjustments. house republicans want severe cuts to stop the increase of medicare spending. the employment picture remains mixed around the globe. many employers in brazil, india, russia, china and the u.s. expect to add staff in 2013, according to careerbuilder. but europe will feel the pinch of austerity. a third of employers in italy expect to reduce s
will pass a debt ceiling extension for the next several months, in exchange for something to happen in the senate. what they want to have happen in the senate is the senate to pass a budget. as you might know as well, the senate has not passed a budget in several years time. so that is what that, this is negotiating point. the house says they will go ahead and do this. they will extend our debt limit, our credit limit, if you will in exchange for seeing a budget passed in the senate. now it is worth noting as you might know, charles krauthamer comes out with an editorial every week in the "washington post" and he actually wrote about this idea today in his editorial saying almost exactly the same thing. i'm going to read this part to you. the more prudent course, he is talking about the debt ceiling debate, would be to find an offer that can not be refused of the short-term tradeoff utterly unasailable and straightforward. for example, charles krauthamer writes, say, extend the debt ceiling through may 1st. this is idea by charles krauthamer maybe it is in the works. jon: that is a
crisis it seems every couple months. we had the debt ceiling, the fiscal crisis, and that's really the tip of the iceberg that is coming our way based on unbelievable demographics and unbelievably unsustainable government spending. what i want to do is take what i learned and hopefully apply it to again a great conundrum that now exists in washington, which is how do we get our financial house in order? >> i wish you all the very best. thank you for joining me again tonight. it's a pleasure to talk to you as it was last time. i genuinely wish you well. i'm glad you're making another go at this. good luck with it. >> i appreciate it, thanks. >>> a critic who says newtown changed everything, but the nra doesn't get it, and the gun advocate who says america doesn't have a gun problem. they just have a values problem. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. stay top of mind with customers? from deals that bring them in wit
that they were going to postpone for three months, that they would raise the debt ceiling both on it next week. i think the president understood that he came out of the initial round strengthened and the republicans came out weakened. right now, the republican party is in as bad shape politically as i can ever remember it being. the republican party which was favorable in public opinion just as recently as two years ago is now minus 23% unfavourable. john boehner, who was favorable has dropped to the point where he is 19% unfavourable in public opinion polls. it is the lowest ever recorded in the history of "the wall street journal," nbc poll so they had to get out of this. they couldn't face this fight again. in the sense of people is that if it did lead to the government defaulting on its obligations and social security checks not going out, checks not going out to personnel, the republicans would be blamed again. so i think the president understood the advantage he had. and he played it. >> and the republicans understood their own situation in today's actions. >> the professionals did, john bo
on lifting the debt ceiling. majority leader eric cantor said today republicans want an interim measure to provide about three more months of borrowing authority. the bill would not mandate immediate spending cuts, as house speaker john boehner earlier promised. instead, it would force congress to pass a budget or go without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clea
the debt ceiling for a few months and then you have the night oversee questions tracing, because there's already a hundred billion dollars in spending cuts that's baked in the cake that will take effect on march 1st. that's the point at which you say to the president if you're the republicans, look, we can either go with that hundred billion dolla dollar cut or work something else but we're going to cut a lot of money out of the budget. bill: can that idea move forward do you think. >> it makes a lot more sense. the republicans have a lot more leverage there and they don't run the risk and the president can't portray them at that point as being willing to default on the full faith and credit of the united states and sink the economy, and have credit ratings dropped and things like that. this is in a sense it's a flip of what happened with the fiscal cliff where one way or another taxes were going to go up on the rich was the bush tax cuts were going to expire. here there are going to be spending cuts that kick in on march 1st, so you can either have it the way of a compromise or else y
in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing constant tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected to draw roughly a third of the nearly 2 million people who ca
on the idea of approving a three-month debt ceiling hike to buy time for negotiations of government funding. we'll keep you posted on update on that. next up on c-span, tavis smiley holding his annual for focusing on a party in america and possible policy solutions. we will hear from several panelists including cornell west, marcia fudge, and former house speaker newt gingrich. this is 2 1/2 hours. [applause] >> good evening. in the nation's capital on the campus of george washington university. we have been here now three years always trying to bring the nation to come to terms -- help the nation come to terms with an issue of national importance. for the last few years, we have been talking ad nauseum about the issue of poverty and how it is we get serious about making poverty a priority in this country. we will mix this up tonight. it seems to me that teetering on cliffs and bumping up against ceilings is not a good economic policy for a nation. we are going to talk tonight about what each and every one of us can do as americans, what agency we have to push our leaders to make the reduct
attention. and that debt ceiling crisis may be delayed until the spring. the house is reportedly getting set to vote on a three-month extension until next week and what that does is sets up a big fight on budget and spending cuts which could embroil the economy and stock market in a new round of uncertainty but it kicks that can down the road, so is that why stocks are a bit tempered today? we'll take a look at that. the dow right now up 12 points. we are flirting with those five and a half year highs, 13,610 and change would be that five and a half year high so we're just pleau that right now. the nasdaq down another eight points at the moment at 3127 and technology among the groups suffering today. the s&p, again, here we go again. any positive close for the standard & poor's 500 would be another five and a half year high for the s&p. let's take a closer look at the markets in today's closing bell exchange with our guests. andres, you and i were talking about the markets earlier. what do you think? getting ahead of ourselves with the rallies we've had so far this year. >> earnings matter,
] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what you call enti
think there's more trench warfare on the debt ceiling fight, and i think it really is a question of how republicans choose to go about this. again, talking to the leadership, they want to use these moments for maximum leverage even though they are in the minority, they can't run the government by just controlling the house. the only bit of leverage they have is to try to force some -- even if it's more moderate spending cuts out of the president as part of the debt ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think t
Search Results 0 to 35 of about 36 (some duplicates have been removed)

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